Just Eat Takeaway.com N.V. (TKWY.AS) Bundle
A Brief History of Just Eat Takeaway.com N.V.
Just Eat Takeaway.com N.V. is a prominent player in the online food delivery market, formed from the merger of two major companies: Just Eat and Takeaway.com. The company was established in 2020, bringing together the strengths of both entities. Prior to the merger, Just Eat was founded in 2001 in Denmark and expanded rapidly, going public in 2014 on the London Stock Exchange.
Takeaway.com, on the other hand, originated in the Netherlands in 2000 and expanded its operations across Europe. The merger created one of the largest online food delivery companies globally, with a significant presence in various markets.
The merger valued Just Eat at approximately £6.2 billion and was part of a larger trend of consolidation within the food delivery sector. The combined entity aimed to leverage synergies and streamline operations, with the goal of enhancing customer service and expanding its delivery infrastructure.
Key Financial Data
In 2020, following the merger, Just Eat Takeaway.com reported revenues of approximately €3.4 billion, a substantial increase from the previous year, reflecting heightened demand during the COVID-19 pandemic.
The company's gross profit for 2020 was around €1.4 billion, indicating a gross margin of approximately 41%.
- Year: 2020
- Revenue: €3.4 billion
- Gross Profit: €1.4 billion
- Gross Margin: 41%
Market Expansion and Acquisitions
Just Eat Takeaway.com has aggressively pursued market expansion through acquisitions. Notably, in 2021, the company acquired Grubhub, a leading American food delivery service, for approximately $7.3 billion. This acquisition was aimed at establishing a stronger foothold in the U.S. market.
As a result of this acquisition, Just Eat Takeaway.com reported an increase in its global active customer base, which reached approximately 77 million by the end of Q2 2021.
Stock Performance
Just Eat Takeaway.com N.V. trades on the Amsterdam Stock Exchange as well as the London Stock Exchange under the ticker symbol "JET." As of October 2023, the stock was trading at around €30.45, reflecting changes in market sentiment and overall performance.
2022 Financial Performance
In its 2022 financial report, the company recorded revenues of approximately €5.6 billion, reflecting a growth attributed to increasing consumer demand for food delivery services post-pandemic. The net loss for the year was reported at around €1.0 billion, primarily due to higher operating costs and investments in marketing and technology.
| Year | Revenue (€ billion) | Gross Profit (€ billion) | Net Loss (€ billion) | Active Customers (million) |
|---|---|---|---|---|
| 2020 | 3.4 | 1.4 | -0.1 | 50 |
| 2021 | 5.0 | 2.1 | -0.8 | 77 |
| 2022 | 5.6 | 2.4 | -1.0 | 80 |
Strategic Initiatives
Just Eat Takeaway.com has focused on enhancing its platform through technology advancements and user experience optimization. In 2022, the company invested approximately €150 million in improving its technology stack and expanding delivery networks in key urban areas.
Outlook and Challenges
Looking ahead, Just Eat Takeaway.com faces challenges such as increased competition in the food delivery space and rising costs associated with logistics and customer acquisition. The company is expected to continue its focus on cost efficiency and operational improvements to maintain profitability.
A Who Owns Just Eat Takeaway.com N.V.
Just Eat Takeaway.com N.V., a leading online food ordering and delivery service, is publicly traded on the Amsterdam Stock Exchange under the ticker symbol TKWY and is also listed on the London Stock Exchange. As of October 2023, its market capitalization is approximately €6.2 billion.
The ownership structure of Just Eat Takeaway.com consists of a mix of institutional and retail investors. Here’s a breakdown of the major shareholders as of the latest reporting period:
| Shareholder | Ownership Percentage | Type of Investor |
|---|---|---|
| Investment AB Kinnevik | 14.8% | Institutional |
| Prosus N.V. | 10.9% | Institutional |
| FMR LLC (Fidelity) | 6.7% | Institutional |
| Baillie Gifford | 5.5% | Institutional |
| Tudor Investment Corp | 4.2% | Institutional |
| Retail Investors | 57.9% | Retail |
Institutional investors hold a significant portion of Just Eat Takeaway.com’s equity, indicating strong confidence among major financial institutions regarding the company's growth potential. These stakeholders often have a long-term investment strategy, aligning with the company’s focus on expanding its market presence through acquisitions and partnerships.
The company’s diversification strategy has also attracted substantial investor interest, allowing it to penetrate various markets, including the UK, Canada, and parts of Europe. For instance, Just Eat Takeaway.com reported a revenue of €4.9 billion for the fiscal year 2022, reflecting an increase of 4.5% compared to the previous year.
Additionally, the company has undergone significant changes in its executive leadership and board composition, which have influenced investor sentiment and stock performance. In 2022, the board appointed a new CEO, Jitse Groen, who is also the co-founder of the company, aiming to enhance operational efficiency and drive growth.
As of October 2023, the company's delivery segment continues to show promise, with a reported order growth of 9% in the last quarter, indicating a robust demand for its services. Investors are closely monitoring these trends, as they could impact the valuation of Just Eat Takeaway.com in the upcoming quarters.
Just Eat Takeaway.com N.V. Mission Statement
Just Eat Takeaway.com N.V. aims to become the world's best food delivery company. Their mission statement emphasizes the commitment to connecting customers with their favorite local restaurants, combining convenience with choice and quality service.
The company is dedicated to providing a seamless and enjoyable ordering experience through their platform, which features a wide range of restaurants. As of June 2023, Just Eat Takeaway.com operates in over 24 countries and collaborates with approximately 100,000 restaurants.
Core Values
- Customer Satisfaction: Prioritizing the needs and preferences of customers.
- Innovation: Embracing technology to enhance service delivery.
- Quality: Ensuring high-quality food and service through rigorous standards.
- Sustainability: Focusing on environmentally friendly delivery options.
Financial Performance
In the first half of 2023, Just Eat Takeaway.com reported an adjusted EBITDA of approximately €200 million, showcasing a significant improvement from the previous year. The company achieved a revenue of €2.5 billion, growing by 12% year-on-year.
| Year | Revenue (€ billion) | Adjusted EBITDA (€ million) | Operating Profit (€ million) | Net Income (€ million) |
|---|---|---|---|---|
| 2020 | 2.4 | - | - | - |
| 2021 | 5.0 | 100 | -200 | -200 |
| 2022 | 5.2 | -50 | -450 | -400 |
| 2023 (H1) | 2.5 | 200 | 80 | 30 |
As of Q3 2023, the company's market capitalization was approximately €5.1 billion, reflecting ongoing efforts to streamline operations and enhance profitability. The company’s share price has experienced fluctuations, with a closing price of around €18.50 as reported in September 2023.
Strategic Initiatives
Just Eat Takeaway.com has launched several initiatives to expand its market reach. Their investment in technology has resulted in improved delivery systems, with over 75% of deliveries now utilizing advanced data analytics for efficiency.
The company is also focusing on partnerships with local restaurants to enrich its menu variety. They have successfully onboarded more than 15,000 new restaurants in the last year alone, contributing to a growing customer base.
In terms of sustainability, Just Eat Takeaway.com committed to reducing its carbon footprint by implementing greener delivery methods. They aim for a 50% reduction in carbon emissions by 2025.
How Just Eat Takeaway.com N.V. Works
Just Eat Takeaway.com N.V. operates as a global online food delivery service. Founded in 2001, the company has grown through a series of strategic acquisitions, most notably the merger between Just Eat and Takeaway.com in early 2020. As of 2023, Just Eat Takeaway.com is one of the largest food delivery companies in the world.
The company generates revenue primarily through a commission model, charging restaurants a percentage of each order placed via its platform. Additionally, it offers delivery services, allowing customers to order from local restaurants. As of 2022, Just Eat Takeaway.com reported revenue of €5.81 billion, marking an increase of 7% year-on-year.
Just Eat Takeaway has a vast network, serving in over 20 countries and employing approximately 50,000 couriers. The company's platform features over 170,000 restaurants and boasts around 100 million orders annually.
| Year | Revenue (€ billion) | Orders (million) | Active Customers (million) | Restaurants Listed |
|---|---|---|---|---|
| 2022 | 5.81 | 100 | 30 | 170,000 |
| 2021 | 5.43 | 92 | 28 | 150,000 |
| 2020 | 4.45 | 50 | 25 | 120,000 |
The company's business model focuses on customer satisfaction and convenience. By leveraging technology, Just Eat Takeaway.com allows users to place orders via its website or mobile app easily. The platform uses sophisticated algorithms to optimize delivery times and customer recommendations.
In 2023, Just Eat Takeaway.com announced a restructuring plan aimed at achieving profitability by reducing costs and enhancing operational efficiency. This includes cutting back on non-core markets and focusing on key growth areas. The company reported an adjusted EBITDA of €150 million in 2022, highlighting its ongoing challenges to achieve profitability amidst rising competition.
Competitive pressures from other delivery services like Uber Eats and DoorDash have necessitated continuous improvement in customer experience and marketing strategies. The company spent approximately €200 million on marketing in 2022, promoting customer retention and loyalty programs.
In terms of stock performance, Just Eat Takeaway.com shares have experienced volatility. As of October 2023, the stock is priced at approximately €35, down from a peak of €100 in early 2021, reflecting market adjustments and investor sentiment regarding future growth prospects.
Just Eat Takeaway.com continues to innovate within the food delivery space, experimenting with drone technology and autonomous vehicles to streamline delivery processes. It has also invested in cloud kitchens, which allow food entrepreneurs to operate delivery-only restaurants, expanding its market reach without the need for traditional dining setups.
How Just Eat Takeaway.com N.V. Makes Money
Just Eat Takeaway.com N.V. (JET), a leading global online food delivery marketplace, generates revenue through several key channels. The company primarily earns its income from commission fees, delivery fees, and additional services offered to restaurants and consumers.
Revenue Streams
- Commission Fees: JET charges restaurants a commission on each order. The average commission rate is typically around 10% to 15% per order.
- Delivery Fees: Customers are charged delivery fees, which can range from £0.99 to £3.99 depending on the distance and the restaurant. These fees contribute significantly to overall revenue.
- Advertising Revenue: Restaurants can also promote their offerings on the platform through paid advertising, generating additional income for JET.
- Subscription Services: JET offers services such as ‘Just Eat Plus,’ allowing customers to pay a monthly subscription for free delivery on qualifying orders, further boosting revenue.
Financial Performance Overview
In the first half of 2023, Just Eat Takeaway.com reported a total revenue of approximately €2.75 billion. This marked a 16% increase compared to the same period in 2022.
| Financial Metric | 2021 | 2022 | 2023 (H1) |
|---|---|---|---|
| Total Revenue (€ billion) | 5.87 | 5.85 | 2.75 |
| Adjusted EBITDA (€ million) | (122) | (155) | (63) |
| Net Loss (€ million) | (1,190) | (1,020) | (470) |
| Active Customers (million) | 70 | 80 | 85 |
Market Position and Competitive Landscape
As of Q2 2023, Just Eat Takeaway.com held a 12% market share in the global online food delivery sector. The company competes with major players such as Deliveroo and Uber Eats, contributing to pricing strategies and service enhancements to maintain its market position.
Future Growth Strategies
- Expansion into New Markets: JET plans to increase its footprint in underrepresented regions, particularly in Europe and North America.
- Enhancement of Delivery Services: Investing in logistics innovation to reduce delivery times and improve customer satisfaction.
- Partnerships with Restaurants: Strengthening relationships with more local restaurants to offer exclusive deals and diversify the menu options available to consumers.
Overall, Just Eat Takeaway.com N.V. leverages a multifaceted revenue model while navigating a competitive landscape. Its strategic initiatives and operational efficiencies are crucial for sustained growth in the evolving food delivery marketplace.
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